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HomeMy WebLinkAboutCRA-R-25-0028 Master ReportSoutheast Overtown/Park West Community Redevelopment Agency Master Report Enactment Number: CRA-R-25-0028 819 NW 2nd Ave 3rd Floor Miami, FL 33136 http://miamicra.com File Number: 17731 Revision: A File Type: CRA Resolution File Name: Authorize Executive Director to Negotiate and Execute Purchase and Sale of 936 Northwest 3rd Avenue Requesting Dept: Southeast Overtown/Park West CRA Status: ADOPTED WITH MODIFICATION(S) Controlling Body: Southeast Overtown/Park West CRA Introduced: 6/5/2025 Final Action Date: 6/17/2025 Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO COUNSEL, BETWEEN THE SEOPW CRA AND SHIRLENE INGRAHAM, AS TRUSTEE UNDER THE SHIRLENE INGRAHAM FAMILY TRUST, AND J.E.J PROPERTIES, INC. (COLLECTIVELY, THE "SELLER"), FOR THE ACQUISITION OF THE REAL PROPERTIES LOCATED AT 936 NORTHWEST 3RD AVENUE AND 950 NORTHWEST 3RD AVENUE, MIAMI, FLORIDA 33136 (FOLIO NO. 01-3137-035-0010) (COLLECTIVELY, THE "PROPERTIES"), CONTAINING AN APPROXIMATE TOTAL ADJUSTED AREA OF 3,826 SQUARE FEET, AS LEGALLY DESCRIBED, FOR A TOTAL PURCHASE PRICE NOT TO EXCEED THREE MILLION FIVE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($3,500,000.00) ("PURCHASE PRICE"), CONTINGENT UPON THE SEOPW CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED FLORIDA APPRAISER, PLUS THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING COSTS ASSOCIATED WITH THE ACQUISITION, PURSUANT TO SECTION 163.370, FLORIDA STATUTES, AND THE SEOPW CRA REDEVELOPMENT PLAN, WITH THE OPTION TO RE -PURCHASE THE PROPERTIES AT A LATER DATE ("PURPOSE"); AUTHORIZING COUNSEL TO ENGAGE MARLON A. HILL OF WEISS SEROTA HELFMAN COLE & BIERMAN, P.L., AS OUTSIDE COUNSEL, FOR THE REPRESENTATION OF THE SEOPW CRA ON ALL MATTERS RELATED TO A TITLE COMMITMENT AND POLICY, A PHASE I ENVIRONMENTAL SITE ASSESSMENT REPORT (AND PHASE II, IF REQUIRED), A SURVEY, AND REPRESENTATION AT CLOSING; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR THE PURPOSE STATED HEREIN; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. Notes: Links: Attachments: History of Legislative File: Revision: Acting Body: Date: Action: Result: City of Miami Page 1 of 2 Printed on: 9/16/2025 Southeast Overtown/Park West Community Redevelopment Agency Miguel A Valentin James McQueen Vincent T. Brown Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA Southeast Overtown/Park West CRA Miguel A Valentin A Vincent T. Brown A City Clerk's Office Master Report Enactment Number: 6/5/2025 6/5/2025 6/5/2025 6/12/2025 6/12/2025 6/17/2025 6/17/2025 6/17/2025 6/23/2025 6/23/2025 CRA-R-25-0028 Finance Review Department Head Review Approved to Form and Legal Sufficiency Meeting MEETING CANCELLED Meeting ADOPTED WITH MODIFICATION(S) Finance Review Approved to Form and Legal Sufficiency with Modifi Rendered 819 N W 2"d Ave 3rd Floor Miami, FL 33136 http://miamicra.com Completed Completed Completed Completed Passed Completed Passed Completed Completed Completed City of Miami Page 2 of 2 Printed on: 9/16/2025